Billionaires Bet Big On Oil-sands

Alberta Tar-sands Could See Growth from Demand for Plastics.

Major oil companies have been fleeing the oil-sands. Huge companies like Devon Energy and Shell Oil have sold their Northern Alberta oil-sands interests and projects at fire sale prices. HSBC has formally stated that they will no longer invest in the oil-sands. Does that mean Fort McMurray is dying and will soon be a ghost town?  That’s just the way the oil-sands cycle has peaked and fallen so many times in the past. If the oil-sands are dead, it could be bad news for Alberta real estate investors… Continue reading